Hi all accounting professionals,
Is chat gpt 100% accurated if we ask about accounting questions ? Please advise how to use chat properly for accounting questions related. Thanks all

likefunnysmart
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Always 100%. Don’t even have to check it. Just copy/paste into the email or work paper. People will be impressed when you say AI and heap praise upon you.

likefunny

/ sarcasm

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No. It is often not accurate. I treat it like Wikipedia, as a starting point and not as factual and accurate evidence.

I use it every now and then to refresh my memory on accounting treatment but have never based its responses in decision-making. This is after testing it a few times and realizing that it can mix things up. I've discussed this with others and some say it's all on how one asks the question, it could be. It just doesn't have my trust atm.

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Maybe people on this thread need to get better at prompting AI. I’ve used Gemini, ChatGPT and Anthropic recently to get guidance for technical accounting and audit questions and have gotten extremely reliable responses. You need to put serious effort into the prompts to get a reliable response.

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Any tips for prompts? For tax, I’ve found that if I paste the entire IRC text for a particular section, ChatGPT is much better at summarizing than if I just asked “provide me with a summary on Section 304 from the IRC” with no text pasting

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Don’t nerf yourself like that holy

funnylikesmart

75% of the time incorrect

smartlike

NO !!! Lololol

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Did you try asking ChatGPT this question?

likefunny

No it gets mixed up a lot especially with positives and negatives and double negatives

I would suggest using it to understand concepts

And then dig into the law after u understand the general concept

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Copilot isn’t

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BlueJ is the most accurate I have seen.

No. Better bet is to use google to either figure out what ASU you should look up for info, or to find a white paper written by a reputable firm to help explain it to you.

I do this, mostly.

It isn’t.

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